quesCan single brother take loan on property jointly owned by 3 brothers?

There is a property in delhi which is co-owned by 4 brother. Can a single brother take loan from bank by mortgaging the property? Should i make a written complaint regarding this matter somewhere?

  • ansIf the property has proper partition then he can mortgage the property. However if there is not partition he cannot mortgage the property.

    We suggest you to file a partition suit and along with it application for temporary injunction thereby seeking stay on the property.

    Further, you can make a written complaint to the authority from which he took the loan. 

     

  • ansIf the property has proper partition then he can mortgage the property. However if there is not partition he cannot mortgage the property.
    We suggest you to file a partition suit and along with it application for temporary injunction thereby seeking stay on the property.
    Further, you can make a written complaint to the authority from which he took the loan.

    Advocate Sudershani Ray

      Kailash Hills, Delhi

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Property Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
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